September 2, 2022

[GIST] How startup investments fail to ease Nigeria’s forex crisis

[GIST] How startup investments fail to ease Nigeria’s forex crisis

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In this piece, Temitayo Jaiyeola explains why startup fundraising in dollars has failed to impact Nigeria’s foreign exchange earnings The dollar is the queen on the chess board of the Nigerian economy. It determines the worth of the local currency, naira, and ultimately affects values of commodities and services. The naira is not a tradable


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